Author: Lalita
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China: Benchmark iron ore futures recover, steel futures extend losses
Chinese iron ore futures jumped by 3.7% d-o-d, recovering from the previous session, underpinned by a large spread with spot cargoes, as demand for iron ore remained strong. On the other hand, steel futures continued to decline, as per SteelMint’s assessment. The closing prices of the most-active iron ore and steel futures on 15 Apr…